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Marinel Bunjaj Purchases Development Site In Tremont Bronx For $1.1 Million With IPRG Representation

Property Image
SOLD
$1,100,000
Brian Davila
Derek Bestreich
+ 1

New York

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Development Site3,420 SF
Sold
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Property Image
SOLD

Marinel Bunjaj Purchases Development Site In Tremont Bronx For $1.1 Million With IPRG Representation

1794 Marmion Avenue

See Similar Deals
Development Site3,420 SF
Sold
Brian Davila
Derek Bestreich
+ 1
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$321
Total Square Footage:3,420 SF
Transaction Type:Sale

The property asset involved in the transaction is a development site located at 1794 Marmion Avenue in the Tremont neighborhood of the Bronx. The sale price for the property was $1,100,000, with a buildable square footage of 11,764 and a price per buildable square foot of $93. The site has a total square footage of 3,420, translating to a price per square foot of $321.

Summary of transaction details:

The key individuals involved in the transaction included Marinel Bunjaj as the buyer and Kellie Davis as the seller. The brokers facilitating the deal were Derek Bestreich, Steve Reynolds, Brian Davila, and John Loch, all affiliated with Investment Property Realty Group (IPRG).

Players

Brian Davila
108 deals$283.4M volume(718) 360-8849
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Steve Reynolds
Investment Property Realty Group (IPRG)
133 deals$364.4M volume(718) 360-8807
BROKER

John Loch
Investment Property Realty Group (IPRG)
28 deals$56.3M volume(718) 360-4910
BROKER

Investment Property Realty Group (IPRG)
BROKERAGE

Details

SOLD
IMAGE: Brian Davila & John Loch DATE: 1/15/2026 ADDRESS: 1794 Marmion Avenue MARKET: Tremont, Bronx ASSET TYPE: Development Site BUYER: Marinel Bunjaj SELLER: Kellie Davis BROKERS: Derek Bestreich, Steve Reynolds (@SteveReynoldsNYC), Brian Davila (@Vills25) & John Loch (@JohnLoch15) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $1,100,000 BSF: 11,764 ~ PPBSF: $93 SF: 3,420 ~ PPSF: $321 NOTE FROM BROKER: 11,765 Buildable SF; Delivered Vacant ,Bronx

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$58,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73